Exactitude Consultancy Press Release: Global acrylic elastomers market

The market for acrylic elastomers is projected to be driven by growing popularity of electric vehicles.

There are increasing calls for converting from vulcanised rubber to synthetic rubber as a result of the automobile industry’s high demands for lighter components and materials, improved recyclability, and the elimination of halogens. The insulation of screened and unscreened battery cables used in electrical and hybrid automobiles, including the completely electric Tesla Roadster, is done with Vamac (DuPont Vamac ethylene Acrylic elastomer). Vamac was chosen for this application primarily due to its excellent fluid and high temperature resistance in challenging automotive operating environments from -40°C to +150°C, including hot motor and gearbox oils, battery acid, saltwater, and cleaning solvents, as well as its flexibility, abrasion resistance, and excellent insulation performance in demanding hybrid or fully electric car applications. Ethylene Acrylic Elastomers (AEM) are used in a variety of difficult automotive applications, particularly in the parts of electric and hybrid vehicles. They are employed, among other things, in high voltage connector seals, air management systems.

Explore 188 Market data Tables spread through nearly 125 Pages and in-depth analysis on “Acrylic Elastomers Market by Type (Alkyl Acrylate Copolymer (ACM), Ethylene Acrylate Elastomer (AEM)), by Application (Automotive, Construction, Industrial, Others (Wire & Cable and Paints & Coatings)) and Region, Global trends and forecast from 2022 to 2029’’ with Table of Contents

The acrylic elastomers market has been impacted by the COVID-19 epidemic in several ways.

Global supply chains were severely disrupted by the epidemic, which had an impact on the supply of raw materials and components. The production and distribution of acrylic elastomers were delayed as a result of lockdown procedures, travel restrictions, and temporary facility closures, which influenced the market’s supply. Demand for many end-use industries, including automotive, construction, and industrial manufacturing, was significantly reduced as a result of the pandemic. These industries are among the biggest users of acrylic elastomers. The market for acrylic elastomers declined as a result of the economic recession, decreased consumer expenditure, and disruptions in manufacturing operations. With manufacturing halts, supply chain hiccups, and falling car sales, the automotive industry encountered considerable difficulties during the epidemic. The decline in the automobile industry directly affected the demand for acrylic elastomers due to they are widely employed in automotive applications such seals, gaskets, and O-rings.

The market for acrylic elastomers may in fact face difficulties due to the unstable costs of ethylene acrylic elastomer (AEM).

Ethylene and acrylic acid, which are the raw materials used to make AEM, are impacted by several variables, including feedstock availability, crude oil pricing, and market dynamics. The entire cost structure of acrylic elastomers may change as a result of price fluctuations in these raw ingredients for AEM. Manufacturers and end users of acrylic elastomers may experience cost pressure as a result of volatile AEM prices. Pricing ambiguity has the potential to sabotage supply chains and alter production prices. This can prevent the market from expanding and influence acrylic elastomer manufacturers’ profitability. Acrylic elastomers’ ability to compete with other materials can be impacted by the price fluctuation of AEM. The demand for acrylic elastomers may decline if AEM prices rise dramatically since it may make alternative materials.

The market for acrylic elastomers has several opportunities due to the growing use of these materials in turbocharged engines.

Due to its capacity to increase power output, increase fuel efficiency, and decrease pollutants, turbocharged engines are becoming more and more common in the automotive industry. The need for acrylic elastomers in connected parts and systems is anticipated to rise as turbocharged engines maintain their market share.

In comparison to conventionally aspirated engines, turbocharged engines operate at higher temperatures and pressures. Excellent heat resistance makes acrylic elastomers ideal for use as seals, gaskets, and O-rings in turbocharger systems. The use of acrylic elastomers in turbocharged engines is made possible by their capacity to resist high temperatures without suffering performance degradation.

Acrylic elastomers are ideal for use in turbocharger systems due to they provide high resistance to lubricating lubricants and fuel mixes.

In the for acrylic elastomers market, asia pacific is predicted to hold the largest market share.

China, India, Japan, South Korea, and other Southeast Asian nations have all undergone tremendous industrialization in the Asia-Pacific area in recent years. The need for acrylic elastomers has expanded as a result of this industrial expansion in several industries, including oil and gas, manufacturing, construction, and automotive.

 The largest automotive market worldwide has now been determined to be in the Asia Pacific area. The manufacture and sales of automobiles have increased significantly in nations like China and India. Since acrylic elastomers are widely used in automotive applications, Asia Pacific’s robust automotive sector expansion has contributed to the region’s dominance in the Acrylic Elastomers Market. Due to urbanisation, population growth, and increased investment in infrastructure projects, the Asia Pacific area has seen significant building and infrastructure development activity.

The market research report covers the analysis of market players. Key companies profiled in the report include BASF SE, DuPont, The Dow Chemical Company, Zeon Corporation, NOK Corporation, Trelleborg AB, DER-GOM, Denka Company Limited, Chengdu Dowhon Industry Co. Ltd, Kuraray Co., Ltd.

Key Market Segments: Acrylic Elastomers Market

Acrylic Elastomers Market by Type, 2020-2029, (USD Billion), (Kilotons)

• Alkyl Acrylate Copolymer (ACM)
• Ethylene Acrylate Elastomer (AEM)

Acrylic Elastomers Market by Application, 2020-2029, (USD Billion), (Kilotons)

• Automotive
• Construction
• Industrial
• Others (Wire & Cable and Paints & Coatings)

Acrylic Elastomers Market by Region, 2020-2029, (USD Billion), (Kilotons)

• North America
• Asia Pacific
• Europe
• South America
• Middle East and Africa

Important Countries in All Regions Are Covered.

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